Sony & Nintendo’s shares jump after China console ban rumour

This morning we reported on a rumour that the Chinese government is looking to lift its 13-year ban on videogame consoles. As a result of speculation surrounding the alleged move, Sony and Nintendo’s stock has risen sharply thanks to their proximity in the East, and their interest in the region.

Bloomberg reports that Sony’s stock rose 9.1% in Tokyo to 1,407 yen per share – confirmed by the site to be Sony’s highest figure since April 2012.

Nintendo’s stock rose by 3.4% to 9,630 yen per share, which was confirmed as their highest figure since December 7th.

Mitsuo Shimizu, analyst at Iwai Cosmo Holdings Inc. said of the proposed move to lift China’s console ban, “Investors are welcoming the report. It would open up a new and huge market for the video-game makers.”